When it comes time to receive life insurance benefits, beneficiaries, who are often friends and family members, sometimes create disputes, as each person has conflicting ideas of how much money they should receive from the policy. Percentages of money owed are listed out in the policy for each beneficiary, but when life changes occur, relationships change and it can be difficult to know where life insurance policy money rightfully belongs. Due to the personal, familial nature of these issues, life insurance policy disputes can be sensitive, and run the risk of straining relationships between close loved ones.

If you or a loved one are tangled in a life insurance policy dispute, contact McKennon Law Group to schedule a free consultation with one of our skilled dispute attorneys. By teaming up with an experienced, hard working attorney, you mitigate the risk of missing out on money that’s rightfully owed to you, as well as gain a trusted partner to guide you through this tough challenge with your loved ones.

What Are Common Reasons For Life Insurance Beneficiary Disputes?

It’s never easy to deal with beneficiary disputes, especially when they occur due to a major life change. These major events, such as divorce, death, marriage, childbirth, or even adoption can make disputes arise between life insurance policy beneficiaries. For example, someone may have a child and forget to reflect this change in the policy, which would in turn make that child miss out on money that some feel they should receive.

Sometimes, a policyholder who is sick will make last-minute changes at the end of their life. In other cases, family members or loved ones simply feel left out, and will want to claim some of the insurance policy money as well.

Those who feel they deserve money from the policy have the option to file a competing claim, stating that the life insurance policy holder was influenced by others, was not of sound mind, or maybe was even coerced to choose certain beneficiaries when they were making their designation plans.

What Happens During A Life Insurance Policy Dispute?

Once an insurer receives the dispute, they may file what’s referred to as an “interpleader action,” where the life insurance money is placed into escrow and only re-released once the dispute has been settled. Beneficiaries involved in the dispute might require mediation or arbitration to be resolved, or may need to bring their case before a jury.

Whether you are seeking life insurance money as a beneficiary, or could potentially lose out on your cut of the policy money, teaming up with a lawyer is a wise decision, as they will help you share your side of the story and defend you before others.

Do I Need A Lawyer For A Beneficiary Dispute?

It is always wise to defend yourself with the help of a lawyer. With the help of a qualified life insurance dispute attorney, you can fight for the money you rightfully deserve and protect yourself from others with malintent.

WIthout the help of a lawyer, it can be difficult to state your claim before a judge, jury, mediator and of course, other beneficiaries. With the help of a lawyer, it’s easier to gain access to important documentation, evidence, and other resources that prove you are a worthy beneficiary and are entitled to money.

Our attorneys at McKennon Law Group use their vast network of legal resources to create a strong case for your defense, and have decades of skill and expertise to help you win your case. Without a life insurance dispute attorney, it can be harder to create a strong case.

How Does A Lawyer Help Me Win My Life Insurance Dispute?

Our attorneys can help you navigate tough situations, such as when beneficiaries are improperly changed, or changed at the last-minute, as well. Even if no beneficiaries are listed on a life insurance policy, or attorneys can step in and help make sense of this confusing situation, eating your stance and your side is sufficiently communicated before a judge.

Other disputes our team can handle include:

• Denied claims (due to fraudulent beneficiary designation, or otherwise).
• Disputes between children as beneficiaries.
• Disputes between current spouse and former spouse.
• Disagreements on percentages of payout to each beneficiary.

We’re aware that life insurance policy beneficiary disputes can be especially challenging, as they often involve close family members, loved ones and even friends. Our attorneys are compassionate to this information, and pledge to make every step of the proceedings as effortless and stress-free as possible on your behalf, so your situation can be resolved as efficiently as possible.

Call McKennon Law Group PC today to schedule a free phone evaluation regarding your life insurance policy dispute. Together, we can help win your dispute and claim the money that’s rightfully owed to you.